VIEWPOINT: ARE WEALTH MANAGERS REDUNDANT?
The fastest growing segment of the wealth management industry is now digital and is referred to as “robo-advisory services”. The assets under management (AUM) of this segment are expected to grow by 2 500% by 2020 to reach a potential market value of US$489 billion” (Deloitte Insights, June 2016). Estimates are ‘robos’ will deal with…